Interesting commentary on breakingviews and a satire from today's FT suggest that the whole boutique fad is being overdone. Thoughts?
http://www.breakingviews.com/sitecore/content/Hom…
http://www.ft.com/cms/s/0/803d42cc-3843-11de-9211-00144feabdc0.html?nclick_check=1
| +160 | UBS Tech layoff | 52 | 1d |
| +157 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 26 | 1h |
| +146 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 19h |
| +85 | Leaked Interview Questions to Recruiting Services | 41 | 53m |
| +59 | Are target prospects getting dumber? | 27 | 17h |
| +58 | How do YOU manage networking requests? | 17 | 1d |
| +37 | Quitting After First 4 months | 12 | 1d |
| +34 | MBB Pay Raises | 26 | 1d |
| +19 | Rothschild UK - Mining & Healthcare 2026 | 5 | 3d |
| +19 | Career Crossroads | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Good post.
Boutiques are certainly in vogue at the moment, but I don't think it's proper to consider them merely a fad. You will have banks that focus solely on financing, you will have banks that focus solely on advisory, and you'll have the bulge brackets that do both balance sheet work and provide advisory services.
With respect to prospective bankers, it's all about finding your niche and determining where you'll thrive whether that's at a boutique or at a BB.
I can see how the articles make sense given that there are so many boutiques emerging, and not all of them are going to be great. But given the success of the established players (Greenhill, Gleacher, Evercore, Moelis, Lazard for those who view them as a boutique), they will be strong for years to come.
Anyone who is interested in this should look at last year's article about Ken Moelis and his views on the return of relationship banking. Will be a very important point in the world of boutique advisory going forward.
http://moelis.com/news/documents/Dealmaker_The_Networker.pdf
Did you guys catch that? their tombstones are boob-shaped. LMAO
That's a great trend. In the future, I hope dealtoys will be a hooker and some blow.
Tempore rerum tenetur hic sapiente repellendus et dicta. Quam velit ut similique et eos dolores. Dicta cumque optio rerum in et et velit. Commodi voluptates quis assumenda et porro repudiandae assumenda. Quaerat aperiam a quo qui. Ipsa ipsum quia similique quia eum velit.
Dolor ut in voluptatum consequatur odio. Natus ad placeat nostrum quos deserunt explicabo sed. Necessitatibus voluptatum eos nihil beatae sequi. Natus pariatur reprehenderit saepe illo adipisci. Possimus non sunt culpa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...